Oriole Company has just received the August 31, 2020, bank statement, which is summarized below.

County National Bank		Disbursements			Receipts		Balance
Balance, August 1							$11,674
Deposits during August					$40,121		51,795
Note collected for depositor, including $50 interest					1,296		53,091
Checks cleared during August		$42,987					10,104
Bank service charges		25					10,079
Balance, August 31							10,079

The general ledger Cash account contained the following entries for the month of August.

Cash
Balance, August 1		12,522	Disbursements in August		43,493
Receipts during August		43,610

Deposits in transit at August 31 are $4,735, and checks outstanding at August 31 total $1,308. Cash on hand at August 31 is $386. The bookkeeper improperly entered one check in the books at $147 which was written for $165 for supplies (expense); it cleared the bank during the month of August.

Prepare a bank reconciliation dated August 31, 2020, proceeding to a correct balance and adjusting entries.

ORIOLE COMPANY Bank Reconciliation, August 31, 2020 County National Bank